Latest Crypto News and Market Updates – September 30

1. BTC, ETH and SOL recover as market cap returns to $4T

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) continued their recovery, pushing the total crypto market capitalization back to the $4 trillion mark. However, altcoins remain sluggish, reflecting low investor confidence even as U.S. equities and crypto-related stocks closed higher.

2. U.S. faces potential government shutdown

The U.S. is counting down to the October 1 deadline with a looming government shutdown risk. Delays in releasing key economic data could trigger short-term volatility, prompting investors to stay cautious.

3. Newly listed Binance tokens drop sharply

Newly listed tokens on Binance, including $MIRA, $HEMI, and $0G, all fell. Analysts point to excessively high FDV valuations at launch as the main reason for hot money exiting.

4. ASTER and XPL lose steam after rally

Hot tokens $ASTER and $XPL are showing signs of slowing down despite high expectations. Current market caps: ASTER at $15.4B and XPL at $11.8B — both still elevated.

5. FF token halves after debut

The $FF token launched yesterday across multiple major exchanges with an FDV near $5B, but quickly dropped by half to $2.5B. Another example of “overhyped launch, quick deflation.”

6. AC raises $200M for Flying Tulip project

Founder AC launched Flying Tulip, raising $200M at a $1B valuation with participation from DWF Labs. The new DeFi platform could spark the beginning of a new “farming season.”

7. Gold hits new highs, tokenized gold surpasses $3B market cap

Physical gold prices hit a new all-time high, while tokenized gold also exceeded $3B in market cap. Interestingly, Bitcoin — often called “digital gold” — has yet to respond in kind.

8. Bitmine withdraws 25,369 ETH from FalconX

Bitmine, the largest ETH holder, withdrew 25,369 ETH (~$107M) from FalconX. The firm now holds 2.65M ETH, accounting for over 2% of global supply — a major whale move worth watching.

9. BlackRock’s IBIT surpasses Deribit in Bitcoin options

BlackRock’s IBIT has overtaken Deribit to become the world’s largest Bitcoin options exchange, highlighting the growing dominance of institutional capital in crypto markets.

Overall: On September 30, the crypto market rebounded to $4T in capitalization, but altcoins remained weak. ASTER and XPL showed signs of exhaustion, new Binance tokens stumbled, while AC’s DeFi project gained attention. Meanwhile, whale activity and BlackRock’s rise in options trading underscored the growing influence of large players.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.